The Committee on Finance moved to amend the bill by striking
out everything after the enacting clause and inserting in lieu
thereof the following:

That §11-13X-5 of the Code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:

ARTICLE 13X. WEST VIRGINIA FILM INDUSTRY INVESTMENT ACT.

§11-13X-5. Amount of credit allowed; limitation of the credits.

(a) Base allowance. --

The amount of credit allowed to every eligible company, except
as provided in subsection (b) of this section, shall beis twenty-seven percent.

(b) Extra allowance for hiring of local workers. -- Any amount
allowed in subsection (a) of this section shall be increased by an
additional four percent if the eligible company, or its authorized
payroll service company, employs ten or more West Virginia
residents as part of its full-time employees working in the state
or as apprentices working in the state.

(c) Application of the credits. -- The tax credit allowed
under this section shall be applied to the eligible company's state
tax liability as provided in section seven of this article.

(d) Limitation of the credits. -- No more than $10$5 million
of the tax credits shallmay be allocated by the film office in any
given West Virginia state fiscal year. The film office shall
allocate the tax credits in the order the applications therefor are
received.